30th April 2025

Gold rises after U.S. market open: U.S. economy in decline

Tariff effects weigh on the world's largest economy, with annualized GDP for the first quarter slowing by -0.3%, down from the previous +2.4%. It’s the first drop since 2022. A bitter wake-up call for the United States, which had expected a positive figure (+0.2%). Gold is responding well—after a weak start to the day, it began to rebound as the U.S. markets opened. Source: Investing.com

29th April 2025

Weaker gold due to higher risk aversion and bearish external markets

Gold prices are down in early U.S. trading today, driven by an increased risk appetite from traders and investors. Bearish markets, fueled by a rise in the dollar index and a drop in crude oil prices, are playing against precious metals. June gold has fallen to $3,321.20 per ounce (-$26.50). Silver is up, reaching $33.175 per ounceSource: Kitco News

28th April 2025

Silver: complex situation, but it could reach $40 by summer and $50 by year-end

Despite the continuous historic highs reached by gold, silver has struggled to gain significant profits. Bob Haberkorn, senior broker at RJO Futures, believes it’s only a matter of time before silver takes off. The increase that Haberkorn envisions would inflate the yellow metal by more than 40% in the medium term, with a realistic target of $40 per ounce by the end of summer, and potentially closing the year around $50.
Source: Kitco News